Norse Energy approved trades on OTCQX in the US

The American Depositary Receipts (ADRs) of Norse Energy Corp ASA started trading on OTCQX International in the U.S on Sept. 18.

OTCQX has established a well recognized marketplace for non-US companies listed on qualified international exchanges, and Norse Energy Corp ASA believes this listing will significantly increase investor attention across the U.S. investor community.

Norse Energy Corp.’s ADRs will trade in the United States on OTCQX under the symbol NSEEY, where each ADR will represent 10 ordinary shares.

The shares of Norse Energy, which is headquartered in Norway, are also listed on the Oslo Stock Exchange under the symbol NEC. While the company has oil and gas exploration and production operations in both the US and Brazil, more recently it has consolidated its US based operations to better focus on the vast potential of the Northern Appalachian Basin.

“With our increased emphasis on US based oil and gas exploration assets, Norse’s inclusion on the OTCQX is a very natural progression, particularly with the ease of access it provides for the US investor, commented Norse Energy CEO,” Øvind Risberg (photo).

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